This question posted in 2012.
In most foreclosures, not involving Bank of America, this issue would be long over.
Advise provided that has consequences, which this does, should be reserved for attorneys.... more
Assessed value has little to do with the current market. Along with your offer your broker should present to he and his agent comparable properties which have sold recently as a comparison. They might also remind him that it is winter and the holidays, traditionally a slow period in our neck of the woods.
Good Luck!... more